Lesson Plan

• Calculate gross profit from revenue and cost of sales.
• Determine total expenses and net profit.
• Complete a profit‑and‑loss statement using given financial data.
• Interpret profit and loss figures to assess business performance.
• Solve practice problems involving profit calculations.

• Projector or interactive whiteboard
• Printed worksheet with profit‑and‑loss template
• Calculator for each student
• Example financial data handout (XYZ Ltd.)
• Whiteboard and markers
• Sticky notes for exit ticket

Begin with a quick recall of revenue and costs, asking students to share examples of sales and expenses from everyday businesses. Explain that today they will learn how these figures combine to show a company's profitability. Success will be demonstrated by correctly completing a profit‑and‑loss statement and explaining each component.

1. Do‑now (5') – Students write on sticky notes items that affect profit; share a few examples.
2. Direct instruction (10') – Teacher defines revenue, cost of sales, gross profit, expenses, net profit and displays formulas.
3. Guided practice (15') – Work through the XYZ Ltd. example together, filling the statement step‑by‑step.
4. Independent practice (15') – Students complete a worksheet with the bakery problem and a loss scenario, using calculators.
5. Check for understanding (5') – Quick Kahoot quiz on definitions and calculations.
6. Summary & exit ticket (5') – Students write one key takeaway and answer why gross profit matters.

Review the steps used to calculate gross and net profit, highlighting common errors. Collect exit tickets to gauge understanding and assign a homework task to complete an additional profit‑and‑loss statement using a provided dataset. Remind students that mastering these calculations is essential for evaluating business performance.